Landbank donates P20.9M to Odette-hit LGUs

State-owned Land Bank of the Philippines announced on Friday that it has allocated P20.9 million in financial assistance to assist in the recovery of 195 local government units (LGUs) affected by Typhoon Odette.

In a statement, Landbank said that out of the P20.9 million in financial aid, it has set aside P200,000 each for affected provinces, as well as P150,000 and P100,000 each for cities and municipalities, respectively.

“Landbank is exerting all efforts to extend immediate assistance to communities significantly affected by Typhoon Odette. Apart from ensuring cash availability and accessibility in these areas, we are also contributing to ramp-up relief and recovery interventions through our LGU partners,” said Landbank president and CEO Cecilia Borromeo.

Among the LGUs that have already received Landbank’s financial assistance are the Province of Southern Leyte; the City of Maasin; the municipalities of Malitbog and Padre Burgos in Southern Leyte; and the municipalities of Hilongos and Matalom in Leyte.

Donations have also been turned over to the City of Mandaue in Cebu; the City of Bais in Negros Oriental; the Municipality of Tubigon in Bohol; the Municipality of Jordan in Guimaras; the Municipality of Hinoba-an in Negros Occidental; the municipalities of Bataraza, Brooke’s Point, and Coron in Palawan; and the municipalities of Claver and Gigaquit in Surigao del Norte.

On top of its financial assistance to LGUs, Landbank said it has also reactivated its AMBAG System or Alternative Mechanism of Benevolent Assistance for the Greater good, which is a cash donation campaign for the Bank’s employees and communities significantly affected by the typhoon.

Majority of Landbank’s branches and automated teller machines (ATMs) remain available to service the urgent banking needs of customers from affected areas.

The bank said it has also been working full-time to restore the availability of all its touchpoints affected by the typhoon at the soonest possible time. — VBL, GMA News